Stocks including Nvidia and Apple are top picks as market run-up continues, Bank of America says Bank of America has identified several top stock ideas with significant upside potential heading into June, including major tech companies like Apple and Nvidia, alongside retailers Dollar General and National Vision Holdings, and homebuilder Toll Brothers. The bank’s analysts highlighted specific strengths for each company, such as Apple’s AI-driven upgrade cycle and Nvidia’s AI leadership, while also noting opportunities for margin improvement and valuation recovery in the retail sector. Citigroup was also a top pick, with analysts impressed by leadership alignment and the embrace of AI, raising price targets and anticipating the franchise’s full potential.

• Bank of America’s top stock picks for June include Apple, Nvidia, National Vision Holdings, Toll Brothers, Citigroup, and Dollar General.
• Toll Brothers is praised for a ‘rare’ beat and raise, maintaining healthy margins and robust demand, especially for luxury homes.
• Dollar General and National Vision Holdings are seen as compelling, with Dollar General benefiting from store remodels and delivery partnerships, while National Vision Holdings offers a buy-the-dip opportunity.
• Citigroup is a top pick with significant recent gains and potential for further growth, boosted by a large buyback authorization and proactive AI integration.
• Nvidia’s strength is attributed to its leadership in AI silicon, hardware, and software, supported by a strong balance sheet.
• Apple’s rating is based on an expected iPhone upgrade cycle driven by Gen AI features, services revenue growth, higher margins from internal silicon, capital returns, and manageable legal risks.
• Analysts noted positive sentiment and execution alignment at Citigroup, as well as strong AI engagement.